African fintech NALA has secured up to $50 million in non-dilutive financing, marking another major milestone for one of the continent’s fastest-growing payments companies as it accelerates its international expansion and deepens its investment in stablecoin-powered payment infrastructure.
The company, founded by Tanzanian entrepreneur Benjamin Fernandes, announced that the financing comes through a credit facility provided by Liquidity via Mars Growth Capital, its joint venture with MUFG Bank Ltd..
The funding provides NALA with immediate capital to support working capital requirements, scale payment operations, strengthen settlement infrastructure, and advance development of its planned neobank platform. Importantly, the facility allows the company to access growth capital without diluting shareholder ownership, a strategic advantage for fast-growing fintech businesses navigating increasing liquidity demands.
NALA initially secured a $25 million facility, with the option to expand the financing package to at least $50 million as transaction volumes continue to rise. The company plans to deploy the capital toward customer account prefunding, operational scaling, product innovation, and expansion of its stablecoin-based payment ecosystem.
The investment arrives at a critical moment for the global payments industry. As stablecoins gain traction in international finance, payment providers increasingly seek faster settlement times, lower transaction costs, and more efficient liquidity management solutions. NALA has positioned itself at the center of this transformation by building infrastructure designed to move money seamlessly across borders.
Today, the company connects customers in Europe, the United Kingdom, and the United States with recipients across several African markets, including Tanzania, Kenya, Rwanda, Uganda, and Ghana. As demand for cross-border remittances continues to rise, NALA aims to strengthen its role as a key bridge between global financial markets and African consumers.
The latest financing builds on a period of rapid growth. In 2023, NALA expanded across the European Union, opening access to 19 additional sending markets. The company also raised $40 million in a previous funding round, further strengthening its balance sheet and growth ambitions.
Speaking on the new financing, Fernandes said the facility validates the company’s long-term vision of building a leading stablecoin payments infrastructure platform. He noted that rapid growth previously created operational pressure around account prefunding requirements, making flexible capital essential for sustaining expansion.
According to Fernandes, the financing provides the liquidity required to support customer transactions while unlocking NALA’s next stage of growth. The company believes stablecoin-powered payment rails will play an increasingly important role in the future of global money movement, particularly in emerging markets where traditional financial infrastructure often creates friction and higher costs.
Liquidity’s Global Head of Investments, Paul Brodie, said the firm conducted extensive due diligence before structuring a financing package tailored specifically to NALA’s operational model and growth trajectory. He emphasized that the facility was designed to scale alongside the company’s evolving payment infrastructure and expanding transaction volumes.
The deal highlights growing investor confidence in African fintech companies that are building solutions for real-world financial challenges. While venture capital funding has slowed across many technology sectors globally, investors continue to back payment companies with strong revenue growth, clear infrastructure advantages, and expanding customer bases.
For Africa’s fintech ecosystem, the financing sends another strong signal that investors remain optimistic about the future of digital payments, cross-border commerce, and stablecoin adoption. As remittance flows continue to increase and businesses seek faster ways to move money internationally, companies like NALA are emerging as key players shaping the next generation of financial services.
With fresh capital in hand and an ambitious expansion strategy underway, NALA is positioning itself to become one of Africa’s most influential fintech infrastructure providers, connecting global markets through faster, cheaper, and more efficient payment networks.
